Collection of Loan Payments. (a) Each of the Master Servicer (with respect to Performing Serviced Loans) and the Special Servicer (with respect to Specially Serviced Mortgage Loans) shall undertake reasonable efforts to collect all payments required under the terms and provisions of the Serviced Loans it is obligated to service hereunder and shall follow such collection procedures as are consistent with the Servicing Standard; provided, however, that neither the Master Servicer nor the Special Servicer shall, with respect to any ARD Loan after its Anticipated Repayment Date, take any enforcement action with respect to the payment of Post-ARD Additional Interest (other than the making of requests for its collection), unless (i) the taking of an enforcement action with respect to the payment of other amounts due under any ARD Loan is, in the good faith and reasonable judgment of the Special Servicer, necessary, appropriate and consistent with the Servicing Standard or (ii) all other amounts due under any ARD Loan have been paid, the payment of such Post-ARD Additional Interest has not been forgiven in accordance with Section 3.21 and, in the good faith and reasonable judgment of the Special Servicer, the Liquidation Proceeds expected to be recovered in connection with such enforcement action will cover the anticipated costs of such enforcement action and, if applicable, any associated interest accrued on Advances. The Special Servicer shall ensure that, with respect to Specially Serviced Mortgage Loans, the Mortgagors make payments directly to the Master Servicer; provided that, in the event the Special Servicer receives a payment that should have been made directly to the Master Servicer, the Special Servicer shall promptly forward such payment to the Master Servicer. Upon receipt of any such payment with respect to a Specially Serviced Mortgage Loan, the Master Servicer shall promptly notify the Special Servicer, and the Special Servicer shall direct the Master Servicer as to the proper posting of such payment. Consistent with the foregoing, the Special Servicer, with regard to a Specially Serviced Mortgage Loan, or the Master Servicer, with regard to a Performing Serviced Loan, may waive or defer any Default Charges in connection with collecting any late payment on a Serviced Loan; provided that without the consent of the Special Servicer in the case of a proposed waiver by the Master Servicer, no such waiver or deferral may be made by the Master Servicer pursuant to this Section 3.0...
Collection of Loan Payments. Continuously from the date hereof until the principal and interest on all Loans are paid in full, the Seller shall proceed diligently to collect all payments due under each Loan when the same shall become due and payable and shall, to the extent such procedures shall be consistent with this Agreement and the terms and provisions of any related Primary Insurance Policy, follow such collection procedures as it follows with respect to loans comparable to the Loans and held for its own account. Further, the Seller shall take special care in ascertaining and estimating annual ground rents, taxes, assessments, water rates, fire and hazard insurance premiums, mortgage insurance premiums, and all other charges that, as provided in the Mortgage will become due and payable to the end that the installments payable by the Borrowers will be sufficient to pay such charges as and when they become due and payable.
Collection of Loan Payments. Collection of Taxes, Assessments and Similar Items; Servicing Accounts; Reserve Accounts.....................
Collection of Loan Payments. The Fund on behalf of the applicable Portfolio shall cause the Custodian to be named as its nominee for payment purposes under the Financing Documents or otherwise provide for the direct payment of the Loan payments to the Custodian. The Custodian shall credit to the Portfolio's account all payments with respect to a Loan actually received by the Custodian and identified as for the account of the Portfolio. All credits and payments credited to the Portfolio shall be conditional upon clearance and actual receipt by the Custodian of final payment thereon. If any Loan payments, whether principal or interest, are not received by the Custodian within three business days of the due date, the Custodian shall notify the Fund of the Obligor's failure to make the Loan payment. The Custodian shall have no obligations with respect to Loan payments and the collection thereof other than the duty to notify the Fund as provided in this paragraph. In no event shall the Custodian be under any obligation to make any advance of its own funds in respect of any Loan.
Collection of Loan Payments. The Servicer shall make reasonable efforts to collect all payments called for under the terms and provisions of the Loans as and when the same shall become due, and shall follow the Servicing Standards. Notwithstanding anything in this Agreement to the contrary, neither the Indenture Trustee nor the Servicer shall release the Equipment or other collateral securing a Loan from the lien of the Indenture unless the outstanding Loan Balance, if any, of such Loan has been deposited into the Collection Account, except upon substitution of Substitute Loans, substitution of equivalent Equipment or other collateral (which substitution shall not reduce the Obligor's payment obligations under such Loan), or the foreclosure and sale of collateral or final settlement or compromise of a Defaulted Loan in which case the proceeds of such foreclosure, sale, or final settlement or compromise shall be deposited into the Collection Account as required under the Basic Documents. Subject to the limitations in subsection 3.07(c), the Servicer is hereby authorized to grant extensions, rebates or adjustments on a Loan without the prior consent of the Owner of such Loan or the Controlling Party and to consent to the assignment or assumption, including the release of the existing Obligor in connection therewith, without the prior consent of the Owner of such Loan provided that (x) after giving effect to such extension, rebate or adjustment the Pool Criteria would be satisfied if the affected Loan were treated as a Substitute Loan or Replacement Loan and (y) with respect to any such assignment or assumption other than of a Defaulted Loan, after giving effect to such assignment or assumption, the new Obligor would satisfy all Eligibility Criteria and Pool Criteria applicable to Obligors; provided, further, that subject to preceding clauses (x) and (y) and Section 3.07(c), any successor Servicer (other than an affiliate of ALS) shall be authorized to grant extensions, rebates or adjustments without the consent of the Controlling Party only to the extent it determines that such action is reasonably likely to prevent a payment event of default by the Obligor. The Servicer is authorized in its discretion to waive any prepayment charge, late payment charge or any other fees that may be collected in the ordinary course of servicing such Loan; provided, however, that once the Servicer waives such fees, they cannot be collected from the Designated Accounts, the Lockbox Account or any other so...
Collection of Loan Payments. (a) The Master Servicer and the Special Servicer shall perform all such duties and obligations and have all such right, power and authority with respect to the [Separately Serviced Mortgage Loan] Loan Group as did the [Other CMBS Series] Master Servicer and the [Other CMBS Series]Special Servicer, respectively, pursuant to Section ______, Section ______ and the first sentence of Section ______ of the [Other CMBS Series PSA].
(b) Amounts collected with respect to the [Separately Serviced Mortgage Loan] Loan Group or any [Separately Serviced Mortgage Loan] REO Property shall, subject to the [Separately Serviced Mortgage Loan] Intercreditor Agreements, be applied as contemplated by Section _______ of the [Other CMBS Series PSA].
Collection of Loan Payments. CFC, as servicing agent, shall make reasonable efforts to collect all payments called for under the terms and provisions of the loans as and when the same shall become due and shall follow such collection procedures as it follows with respect to all similar loans that it services for itself or others, and in compliance with the requirements of the B&I Program. CFC shall allocate collections between principal and interest in accordance with the terms of the related loan agreements.
Collection of Loan Payments. The Custodian shall credit to the Fund's custodian account all payments with respect to a Loan ("Loan Payment") actually received by the Custodian and identified as for the account of the Fund. In the event that a payment is credited to the Fund's custodian account and no payment is actually received by the Custodian, the Custodian shall reverse such credit. If any Loan Payments are not received by the Custodian (i) in the case of a principal payment, on the date on which they are due, as reflected in the Payment Schedule (as such term is defined below) of the Loan ("Principal Payment Date") or (ii) in the case of interest payments, on a scheduled interest payable date, as reported to the Custodian by the Fund for the Loan (the "Interest Payable Date"), or any such Loan Payment is in an amount less than the amount due as reflected in the Payment Schedule or as reported to the Custodian by the Fund, the Custodian shall promptly, but in no event later than one business day after the Principal Payment Date or the Interest Payable Date, give telephonic notice to the party obligated under the Financing Documents to make such Loan Payment (the "Obligor") of its failure to make timely payment. If such payment is not received within three business days of the appropriate Principal Payment Date or Interest Payable Date, the Custodian shall notify the Fund of such Obligor's failure to make the Loan Payment. The Custodian shall have no obligations with respect to the collection of Loan Payments which are past due, other than the duty to notify the Obligor and the Fund as provided herein. Except as otherwise described in this paragraph, the Custodian shall have no responsibilities or duties with respect to Loan Payments.
Collection of Loan Payments. Continuously from the date hereof until the principal and interest on all Loans are paid in full, the Servicer will proceed diligently, in accordance with this Agreement and Customary Servicing Procedures, to collect all payments due under each of the Loans when the same shall become due and payable. Further, the Servicer shall in accordance with Customary Servicing Procedures ascertain and estimate taxes, assessments, liability, fire and hazard insurance premiums, and all other charges that, as provided in any Mortgage, will become due and payable to the extent that the installments payable by the Borrowers will be sufficient to pay such charges as and when they become due and payable, subject to the terms of the Loan Documents.
Collection of Loan Payments. Continuously from the date hereof --------------------------- until the principal and interest on all Loans are paid in full, Originator will proceed diligently to collect all payments due under each Loan when the same shall become due and payable and will take special care in ascertaining and estimating annual ground rents, taxes, assessments, water rates, fire and hazard insurance premiums, mortgage insurance premiums, and all other charges that, as provided in the Mortgage, will become due and payable to the end that the installments payable by the Mortgagors will be sufficient to pay such charges as and when they become due and payable.
